Speculation that Widows would do a deal leading to demutualisation has been rife over the past few months.

The windfalls are some of the biggest ever paid out by a mutual company and is bound to leave question marks hanging over the UK&#39s remaining mutual life offices including Equitable Life, Scottish Life, Royal London, National Mutual, Scottish Provident and even Standard Life.

Recommended

Johnstone Douglas has Nigel Chambers as its new managing director.Chambers takes over the post with immediate effect replacing Doug Johnstone who becomes executive chairman. Mike Dwyer will continue in his role as deputy managing director.Chambers has been the driving force behind Chambers Townsend Consultancy, Johnstone Douglas&#39 pensions and administration technological systems provider.He was also formerly […]

Edinburgh Fund Managers has appointed Ken Wilson as senior portfolio manager in its private client team.Wilson joins the investment managers from IFA Alan Steel Asset Management where he was a director.EFM head of private clients Harry Morgan says: &#34Wilson will give us greater strength in marketing to IFAs and other professional firms. He has considerable […]

Portfolio Fund Management has launched a new property fund which has an in-built liquidity mechanism allowing policyholders to easily encash their units.The Portfolio Property Fund&#39s investment objective is to achieve high and growing income with capital growth.Portfolio will invest 75 per cent of the fund in commercial property, while the remaining 25 per cent will […]

BFS Investments has launched an Isa specialising in investment trusts especially the split capital variety.The Isa provides a number of investment opportunities.It can provide an investment wrapper for shares of four split capital funds managed by BFS. These are the Geared Income Investment Trust, BFS Income & Growth, BFS Overseas Income & Growth and BFS […]

Newsletter

Latest from Money Marketing

Technology provider Moneyhub will now use Intelliflo’s application programming interface for its advisers. Integration onto the API will allow for advisers to access real-time information of client’s managed pensions and investments. Advisers will also be able to link investments they manage and see clients’ spending and savings patterns. The Big Interview: Moneyhub chief executive on […]

The past few years have seen a rapid rise in the number of fund managers linking with risk profilers to launch new ranges. Determining risk is a central part of the advice process. But risk-profiling tools have been subject to criticism over the wildly different asset allocations they produce and their lack of consistency when […]

AJ Bell is expanding its passive range to target a higher expected return for investors with a new global growth fund. AJ Bell launched its first range of own-brand funds last year with five risk-targeted multi-asset passive funds. The platform and Sipp provider said it has launched the Passive Global Growth fund in response to […]